ETH/USDT – 30M – SELLThe currency pair Ethereum/Tether (ETH/USDT) moves from the ascending trendline downwards
The bearish trend down to the next support line at 3731.000000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 3793.000000000 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘RSI fall below 70’ indicator signal is existing. The indicator shows ‘RSI fall below 70’. which is often a bearish chart signal. The currency pair is likely to fall.
Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 3747.31984 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 3793.000000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3860.000000000 |
| 2nd High | 3798.650000000 |
| Next High | 3793.000000000 |
| Current Price | 3778.920000000 |
| Next Low | 3731.000000000 |
| 2nd Low | 3709.390000000 |
| 3rd Low | 3601.560000000 |
3793.000000000 – 3782.830000000 – 3767.130000000 – 3731.000000000 – 3709.390000000 – 3601.560000000 — 63.921736216703 – 57.301620392327